Zambia's Revenue Authority has published Practice Note No. 1/2022, which provides an overview of the various tax changes for 2022 that were implemented through the different amendment acts for the 2022 Budget. Some of the main tax changes include:
- A reduction in the standard corporate income tax rate from 35% to 30%, although the top marginal tax rate for telecommunication companies is maintained at 40% on income exceeding ZMW 250,000;
- An increase in the exempt threshold for PAYE from ZMW 4…